Lowell Portfolio- another odd letter

maureen0000

Thanks to rog2 for the advice, I will not reply to them.

maureen0000

Further to my previous posts re Barclaycard alleged debt from 1993 - have just opened post and have had another letter from Lowell as follows:

We write further to recent communication regarding the above account, we aologise for the delay in our response.
After reviewing the account we can confirm that we have now closed our files in relation to this matter and can confirm that no further correspondence sould be received.

We trust that you will find this satisfactory and that this matter is now closed.

I am so happy and relieved and just want to say thank you to everyone who replied to my posts your support was brilliant and kept me going.

Thank you

dotstar24

my partner has also had a letter this week from Lowells, thanks for the advice I'll be filing this in the bin!

rog2

deliciosa wrote: »

Do companies , when this happens, pay back to the debt collection agency the money for which they ahve bought the debt?

No - it's a bit like placing a bet on a horse with long odds - the debt collection agency is, in effect, the punter - he knows that the odds are against him, but is gambling on the fact that the alleged debtor doesn't know his rights and is, therefore, likely to get a good payout.
For every 'debt' he is unable to collect, you can be assured that there will be many more where the 'alleged debtor' simply capitulates and pays up to get them off of their backs.
Like the bookies, the odds are clearly in favour of the dca.